Earned Value Management (EVM) Calculator

Calculate Earned Value Management (EVM) using our easy to use simple Earned Value Management Formula & Calculator. Earned Value Management (EVM) is a project management technique to measure project performance and progress by combining project scope, schedule and project cost.

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Earned Value Management (EVM) Calculator Details


What is  Earned Value Management (EVM)?

Use our Earned Value Management (EVM) calculator to find Earned Value Management, a project management technique for measuring project performance and schedule progress.

Learn about the various calculations, metrics and data points used in EVM.

Planned Value (PV) –  Authorized budget assigned to scheduled work

PV = Total Planned Cost * (% Completed Planned)

Earned Value (EV)  – Measure of the work performed i.e. authorized budget for that work

EV = Total Planned Cost * (% Completed Actual)

Cost Variance (CV) – Difference between earned value(EV) and actual cost (AC).

CV = EV – AC (Actual Cost)

  • A positive CV is indicative of an under budget
  • A negative CV is indicative of an over budget.

CV % = CV/EV

Schedule Variance (SV) – Measure of schedule performance i.e. difference between the earned value and the planned value.

SV = EV – PV

  • A positive SV is indicative of an ahead of schedule
  • A negative SV is indicative of behind schedule.

Cost Performance Index (CPI) – Measure of the efficiency of expenses expended on a project.

CPI = EV/AC

Schedule Performance Index (SPI) –

SPI = EV/PV

Estimate to Complete (ETC) –  Expected cost to accomplish all the remaining project work.

ETC = EAC – AC

ETC = (Total Planned Cost  – EV)/CPI

Estimate at Completion (EAC)

EAC = AC + ((Total Planned Cost  – EV)/CPI)